Question
Assume that in Country A, nominalGDPwas$206 billion in 2018 and$195billion in 2017. The published price index for 2018 is103.0 (2017=100.0). Calculate the percentage change in
Assume that in Country A, nominalGDPwas$206 billion in 2018 and$195billion in 2017. The published price index for 2018 is103.0 (2017=100.0). Calculate the percentage change in realGDPbetween 2017 and 2018. Round your answer to two decimal places if necessary.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
